Japanese Yen Falls Amid Fed-BoJ Policy Divergence

RTTNews | 996 gün önce
Japanese Yen Falls Amid Fed-BoJ Policy Divergence

(RTTNews) - The Japanese yen declined against its major counterparts in the European session on Monday, amid a monetary policy divergence between Japan and the United States.

The dollar index touched a 20-year high amid concerns over the energy crisis in the Europe and expectations of aggressive rate hikes by the Fed.

Strong jobs data released on Friday supported hopes of more interest rate hikes to bring down high inflation.

Markets expect another 0.75 percentage point rate hike at the Fed meeting later this month, according to CME Group.

Russia's decision to halt gas flows through the Nord Stream 1 pipeline indefinitely sparked risk aversion and supported safe-haven assets such as the dollar.

U.S. markets are closed on account of the Labor Day holiday.

The yen declined to 140.65 against the greenback and 161.79 against the pound, off an early high of 140.09 and a multi-week high of 160.66, respectively. The currency is likely to find support around 145.00 against the greenback and 164.00 against the pound.

The yen pulled back to to 106.95 against the loonie, 85.76 against the kiwi and 95.54 against the aussie, from its early highs of 106.58 and 85.17 and a 4-day high of 94.99, respectively. The next possible support for the yen is seen around 108.00 against the loonie, 87.00 against the kiwi and 97.00 against the aussie.

The yen was down against the franc, at a 6-day low of 143.31. Next likely downside target for the currency is seen around the 143.7 level.

Against the euro, the yen retreated from a 5-day high of 138.69, with the pair trading at 139.64. If the yen slides further, 141.00 is possibly seen as its next support level.

read more
U.S. Dollar Rises As Traders Await FOMC Minutes

U.S. Dollar Rises As Traders Await FOMC Minutes

The U.S. dollar strengthened against other major currencies in the Asian session on Wednesday, as traders await the minutes from May's FOMC meeting due later in the day.
RTTNews | 4s 9 dakika önce
NZ Dollar Rises After RBNZ Rate Decision

NZ Dollar Rises After RBNZ Rate Decision

The New Zealand dollar recovered from recent lows against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected.
RTTNews | 5s 12 dakika önce
NZ Dollar Recovers Against Majors

NZ Dollar Recovers Against Majors

The New Zealand dollar recovered from recent lows against other major currencies in the Asian session on Wednesday.
RTTNews | 7s 0 dakika önce
U.S. Dollar Strengthens On Trump's Tariff Delay

U.S. Dollar Strengthens On Trump's Tariff Delay

The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.
RTTNews | 17s 19 dakika önce
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the European session on Tuesday.
RTTNews | 23s 43 dakika önce
Antipodean Currencies Slide Amid Risk-off Mood

Antipodean Currencies Slide Amid Risk-off Mood

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday amid rising risk-off mood, as traders remain cautious amid uncertainty after U.S. President Donald Trump decided to postpone the implementation of 50% tariffs on the European Union goods to July 9 from June 1. The UK and US stock markets were shut for a holiday.
RTTNews | 1 gün önce